The bottleneck in planning and efforts to overcome it.
2024 was a challenging year for Dak Nong province . Obstacles related to the implementation of projects and works based on the bauxite mining plan, which had persisted since 2023, had not been thoroughly resolved. Entering 2024, new problems continued to arise, impacting the province's socio-economic development.
This has somewhat affected the process of attracting investment to the locality. However, through many efforts, Dak Nong has still managed to attract many projects.
Compared to previous years, the investment attraction results in 2024 were not impressive, but they created many highlights for Dak Nong to continue to develop in the coming years.
According to the Director of the Department of Planning and Investment, Tran Dinh Ninh, in 2024, Dak Nong attracted 3 projects in Tam Thang Industrial Park, Cu Jut district, with a total investment of over 470 billion VND.
These include the Fresh Green Fruit Processing and Preservation Plant Project of Fresh Green Agricultural Products Export Co., Ltd., with an investment capital of 13 billion VND; the Frozen Sliced Sweet Potato Processing Plant Project of SEJIN F&S VINA Co., Ltd., with an investment capital of 158.66 billion VND; and the Duc Giang Alcohol Production Plant Project of Duc Giang Chemical Co., Ltd. - Dak Nong, with an investment capital of 300 billion VND.
Dak Nong has also received attention and investment project proposals from major investors. Currently, many businesses operating in the field of mineral and bauxite mining are coming to inquire and raise issues with the province.
Although the investment plan has not been officially approved yet, the chances of success are very high. “Five businesses have submitted applications to the province, with a total investment capital of over 8 million USD. The Department of Planning and Investment is accelerating the approval process. If successful, this will be considered a positive sign to attract investment to the province,” informed Tran Dinh Ninh, Director of the Department of Planning and Investment.
According to Mr. Ninh, although the results of attracting investment have not reached the expected figures, it is the result of the local government's efforts. At one point, Dak Nong faced a situation where there was no room for development.
Investment promotion and attraction efforts are virtually impossible because investors who come to survey and explore opportunities are hampered by bauxite mining plans or the three-category forest planning scheme.
“Dak Nong is continuing to petition the central government to resolve many obstacles beyond the province's authority. Relevant ministries and agencies are working together to resolve these issues for the locality. Hopefully, in the coming time, as difficulties and obstacles are gradually resolved, it will create favorable conditions for investors to start operations,” Mr. Ninh said.
Dedicated to ensuring investors understand and share their vision.
Dak Nong faces significant challenges in attracting investment. Among these, a major objective factor is the strong impact of bauxite mining planning.
However, Dak Nong has continuously strived to improve many procedures within its scope and authority to facilitate investment and business for investors.
The advisory agencies have focused on guiding investors in resolving difficulties during the implementation of key investment projects.
Many businesses carrying out investment procedures in Dak Nong province are receiving dedicated guidance and support from relevant agencies, such as: TH Group Joint Stock Company, Central Power Corporation, Duc Giang Chemical Group Joint Stock Company, Viet Phuong Investment Group Joint Stock Company, Tran Hong Quan Metallurgical Company Limited, etc.
Specialized departments, districts, and cities should strengthen their efforts and regularly report to competent authorities to resolve difficulties and obstacles facing bauxite projects in the province. Dak Nong is conducting a review and assessment of overlaps and impacts of urban projects on bauxite mining plans.
According to the Director of the Department of Planning and Investment, Tran Dinh Ninh, the awareness and responsibility of Party and government leaders, as well as officials and civil servants, regarding investment attraction have been enhanced. The coordination between departments and agencies in resolving difficulties and obstacles for businesses has gradually improved.
From this, Dak Nong's efforts to improve the investment and business environment have been highly appreciated by the business community. This is reflected in the PCI assessment results.
In 2023, Dak Nong made a strong breakthrough when its provincial PCI index rose to 21st place, an increase of 17 positions compared to 2022. This is the highest result Dak Nong has achieved in the past 20 years.
"Despite the existing difficulties, investors have shown great understanding and support for the locality. While there is no PCI assessment yet for 2024, Dak Nong is expected to achieve positive results," Mr. Ninh affirmed.
Dak Nong currently has 14 FDI projects from 13 enterprises, with a total registered investment capital of over 680 million USD . FDI enterprises in the province operate stably and comply with all legal regulations.
Source: https://baodaknong.vn/dak-nong-xu-ly-nut-that-trong-bai-toan-thu-hut-dau-tu-238606.html
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